Workers’ remittances recorded an inflow of US$2 billion during July 2023, the State Bank of Pakistan on Thursday said.
In terms of growth, during July 2023, remittances decreased by 7.3 percent on a month-on-month basis and of 19.3 percent on year-on-year basis.
This decrease largely reflected the lower number of working days in July as a result of Eid, at 17 working days compared to 22 last month and 18 in July 2021.
Remittances’ inflows during July 2023 were mainly sourced from Saudi Arabia ($486.7 million), United Arab Emirates ($315.1 million), United Kingdom ($305.7 million) and United States of America ($238.1 million).—APP
